Motusbank Mortgage Rates & Reviews

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Motusbank

Motus Bank Background

Motus Bank is a subsidiary of Meridian Credit Union and was officially launched on 2nd April 2019. It operates as a federally chartered online bank subsidiary. They have a variety of services in financial and investment management along with mortgages and lending. The bank has 54 million Canadian dollars in capital.

Motusbank Prime Rate

Motusbank's Prime Rate is used as the basis for many of Motusbank's lending products including variable rate mortgages, lines of credit, and HELOCs. Prime, or P, is normally combined with a spread to make up the final interest rate.

Motusbank

Current Motusbank Prime Rate: 2.45%

Motusbank Fixed-Rate Mortgages

Mortgage Amount:
Amortization:
Payment Frequency:
TermRateMonthly Payment
1-Year Fixed
2.09%$1,713
2-Year Fixed
2.09%$1,713
3-Year Fixed
2.09%$1,713
4-Year Fixed
2.09%$1,713
5-Year Fixed
2.09%$1,713

The rates shown are for insured mortgages with a down payment of less than 20%. You may get a different rate if you have a low credit score or a conventional mortgage. Rates may change at any time.

Motusbank Variable-Rate Mortgages

Mortgage Amount:
Amortization:
Payment Frequency:
TermRateMonthly Payment
5-Year Variable
1.55%$1,609

The rates shown are for insured mortgages with a down payment of less than 20%. You may get a different rate if you have a low credit score or a conventional mortgage. Rates may change at any time.

This calculator is provided for general information purposes only. WOWA does not guarantee the accuracy of the information shown and is not responsible for any consequence that arise from the use of the calculator and its results. Any financing products shown are subject to terms and conditions and may not be available in certain regions.